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The Danbury Mint 1900 ,000 Gold Certificate

$ 10.56

Availability: 100 in stock
  • All returns accepted: ReturnsNotAccepted
  • Denomination: 000

    Description

    Money may not grow on trees, but sometimes it falls from the sky. On December 13, 1935, a fire at the Old Post Office on 12th Street and Pennsylvania Avenue in Washington, D.C., caused clerks to throw files and documents out the window in order to save them. Among the contents were several hundred 1900 ,000 Gold Certificates featuring the portrait of seventh U.S. President Andrew Jackson. Unlike most currency notes, they were printed on one side only.
    Due to high face value, the 1900 ,000 Gold Certificate was not issued for circulation. Instead, it was used primarily for inter-banking transfers of large sums of money. Gold Certificates were backed by their face value in gold coins and could be redeemed for gold at the U.S. Treasury. All 1900 ,000 Gold Certificates thrown from the Old Post Office had already been redeemed and cancelled, so elated passers-by who grabbed the Gold Certificates were disappointed to learn that they were not redeemable a second time.
    The only remaining 1900 ,000 Gold Certificates are the few hundred saved from the fire. The U.S. Government considers these Gold Certificates as government property, so they are subject to seizure if in private hands.